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Former MPIC, Megawide executives join Converge

NEWLY listed fiber internet provider Converge ICT Solutions, Inc. announced on Wednesday the appointment of its two new executives, who are expected to raise the company’s “organizational standards of governance, stakeholder relations, and risk management.”

In a disclosure to the stock exchange, the company named Owen Kieffer Ocampo as investor relations director and Anthony Vergel Velasco as internal audit director.

Mr. Ocampo, who previously served as the investor relations manager of Metro Pacific Investments Corp. (MPIC), is expected to “champion a best-in-class investor relations function” within the company, Converge said.

“He brings in over eight years’ experience, having started his career in 2012 with JPMorgan Chase. In 2013, he joined the Deal Advisory Group of KPMG in the Philippines (R. G. Manabat & Co.) as a supervisor and quickly progressed to managerial roles within his four-year stint,” it added.

Meanwhile, Mr. Velasco previously served as the Megawide group’s chief audit executive.

He also worked as head of the IT audit unit at Security Bank Savings and chief audit executive at 2Go Group, Inc.

Mr. Velasco brings over 21 years of internal audit experience, covering financial, compliance, information system, and operational risk, Converge noted.

The company added that it expects Mr. Velasco to “ensure the effectiveness of the governance and control processes for accomplishing internal audit’s mandate as defined in the internal audit charter.”

Converge ICT Founder and Chief Executive Officer Dennis Anthony H. Uy said Messrs. Ocampo and Velasco will be spearheading initiatives “that raise organizational standards of governance, stakeholder relations, and risk management.”

MPIC is one of three Philippine subsidiaries of Hong Kong’s First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains an interest in BusinessWorld through the Philippine Star Group. — Arjay L. Balinbin

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